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BKV Corporation (BKV)
NYSE:BKV
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BKV Corporation
(NYSE:BKV)
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Rating:61Neutral
Price Target:
$22.50
▼(-6.05% Downside)
BKV's overall stock score reflects strong guidance and strategic initiatives from the earnings call, but is tempered by financial performance challenges and valuation concerns. The company's stable balance sheet and positive earnings call sentiment are offset by profitability and cash flow issues.
Positive Factors
Strategic Acquisition
The acquisition of Bedrock's assets will significantly enhance BKV's production capacity and reserves, strengthening its market position and long-term growth potential.
Carbon Capture Advancements
Advancements in carbon capture align with sustainable practices and regulatory trends, potentially opening new revenue streams and enhancing BKV's competitive edge.
Strong Revenue Growth
Consistent revenue growth indicates robust demand for BKV's products and services, supporting its market expansion and financial stability over the long term.
Negative Factors
Profitability Challenges
Sustained profitability issues could hinder BKV's ability to reinvest in growth and maintain competitive positioning, impacting long-term financial health.
Cash Flow Issues
Weak cash flow generation limits BKV's financial flexibility, potentially affecting its ability to fund operations and strategic initiatives, posing a risk to long-term sustainability.
Negative Return on Equity
A negative ROE indicates inefficiencies in generating shareholder returns, which could deter investment and affect BKV's capital raising capabilities over time.
BKV Corporation (BKV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.94B
Dividend YieldN/A
Average Volume (3M)264.38K
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue Growth13.20%
EPS Growth55.44%
CountryUS
Employees366
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.39
Shares Outstanding84,711,220
10 Day Avg. Volume328,295
30 Day Avg. Volume264,377
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.04
Price to Sales (P/S)2.68
P/FCF Ratio91.79
Enterprise Value/Market Cap1.14
Enterprise Value/Revenue2.58
Enterprise Value/Gross Profit6.22
Enterprise Value/Ebitda11.79
Forecast
1Y Price Target
$28.10Price Target Upside17.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
BKV Corporation Business Overview & Revenue Model
Company DescriptionBKV Corporation engages in the acquisition, operation, and development of natural gas and NGL properties. It is also involved in the gathering, processing, and transportation of natural gas. The company was founded in 2015 and is based in Denver, Colorado with additional offices in Tunkhannock, Pennsylvania and Fort Worth, Texas. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.
How the Company Makes MoneyBKV generates revenue primarily through the extraction and sale of natural gas and oil. The company engages in the exploration and development of oil and gas properties, and its revenue model is largely dependent on the market prices of these commodities. Key revenue streams include the sale of produced hydrocarbons to various customers, including utilities, industrial clients, and other energy companies. Additionally, BKV may enter into joint ventures and strategic partnerships to expand its operational capacity and access new markets, which can further enhance its earnings potential. Factors such as geopolitical stability, regulatory changes, and commodity price fluctuations play a significant role in BKV's financial performance.
BKV Corporation Earnings Call Summary
Earnings Call Date:Aug 12, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 18, 2025
Earnings Call Sentiment Positive
The earnings call highlighted BKV's strong operational performance, strategic acquisitions, and advancements in carbon capture and power business, although some challenges such as widening differentials and slow power market start were noted.Q2-2025 Updates
Positive Updates
Strong Upstream Performance
BKV's upstream business exceeded second quarter guidance from a production and capital efficiency perspective, with production reaching 811 million cubic feet equivalent per day, surpassing the high end of guidance. Development CapEx was kept at $63 million, the low end of the guidance range.
Increased Full Year Production Guidance
BKV raised its 2025 production guidance midpoint to 800 million cubic feet equivalent per day, nearly a 4% increase over the previous midpoint, while reducing the overall corporate capital budget midpoint to $320 million.
Strategic Acquisition of Bedrock's Barnett Shale Assets
BKV signed definitive agreements to acquire Bedrock's Barnett Shale assets, expected to add over 100 million cubic feet equivalent per day of production and nearly one Tcfe of 1P reserves. The acquisition is expected to close in the third or early fourth quarter of 2025.
Strong Progress in Carbon Capture
BKV's carbon capture business announced a new CCUS emitter agreement and continued momentum in discussions with additional emitters. The partnership with CIP is expected to accelerate the CCUS project pipeline.
Power Business Outperformance
The Temple plants delivered a combined average capacity factor of 59% and power JV adjusted EBITDA of $36 million, above the high end of guidance for the second quarter in a row.
Notable ESG Initiatives
BKV announced a deal for the supply of carbon sequestered gas (CSG) to Gunvor, demonstrating premium pricing potential for the gas and carbon capture assets.
Negative Updates
Widening Differentials
The quarter experienced the impact of widening differentials which affected financial outcomes, though largely offset by strong production and lower than forecasted LOE.
Third Quarter Power Market Challenges
The third quarter has been off to a slow start due to weather conditions, impacting the performance of Temple plants, though confidence remains in hitting guidance.
Company Guidance
During BKV Corporation's second quarter 2025 earnings call, the company provided robust guidance and updates across its business segments. The production midpoint for 2025 was increased to 800 million cubic feet equivalent per day, with the capital budget reduced to $320 million, showcasing improved capital efficiency and proactive planning. BKV's acquisition of Bedrock's Barnett Shale assets, worth $370 million, is expected to add over 100 million cubic feet equivalent per day of production and nearly one Tcfe of 1P reserves, with the transaction anticipated to close in late Q3 or early Q4 2025. The company also highlighted the strength of its power business, forecasting a gross Power JV adjusted EBITDA of $130 to $170 million for 2025, despite challenging weather conditions. BKV's carbon capture efforts remain strong, aided by the 45Q tax credit, with several projects progressing towards FID and a new agreement with Gunvor for carbon sequestered gas. Overall, BKV is well-positioned to capitalize on favorable market dynamics while maintaining a disciplined financial strategy, with a net leverage ratio projected between one to 1.5 times following the Bedrock acquisition.BKV Corporation Financial Statement Overview
Summary
BKV Corporation shows strong revenue growth but struggles with profitability and cash flow. The balance sheet is stable with low leverage, but negative returns and cash flow management need improvement.Income Statement
BKV Corporation shows a mixed performance in its income statement. The TTM data indicates a strong revenue growth rate of 27.23%, suggesting a positive trajectory in sales. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -2.17% and a negative EBIT margin. The gross profit margin remains healthy at 41.44%, but the negative net income indicates challenges in managing expenses or other operational inefficiencies.65
Positive
Balance Sheet
The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.13, indicating conservative leverage. However, the return on equity is negative at -1.20%, highlighting inefficiencies in generating returns for shareholders. The equity ratio is strong, suggesting a solid capital structure, but the negative ROE is a concern for potential investors.70
Positive
Cash Flow
Cash flow analysis reveals challenges in free cash flow generation, with a significant decline of -174.02% in TTM. The operating cash flow to net income ratio is positive at 1.19, indicating that operating activities are generating cash, but the free cash flow to net income ratio is low at 0.06, pointing to potential issues in cash management or capital expenditures.55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 861.78M | 604.53M | 739.28M | 1.66B | 889.53M | 122.53M |
| Gross Profit | 357.14M | 387.00M | 515.91M | 1.54B | 797.25M | 35.19M |
| EBITDA | 188.57M | 82.18M | 446.59M | 640.00M | -74.02M | 87.54M |
| Net Income | -18.68M | -142.87M | 116.92M | 410.14M | -138.21M | -43.35M |
Balance Sheet | ||||||
| Total Assets | 2.30B | 2.23B | 2.68B | 2.70B | 1.62B | 1.34B |
| Cash, Cash Equivalents and Short-Term Investments | 21.43M | 14.87M | 25.41M | 153.13M | 134.67M | 17.45M |
| Total Debt | 200.00M | 165.00M | 541.66M | 617.04M | 181.41M | 35.14M |
| Total Liabilities | 716.37M | 671.51M | 1.21B | 1.51B | 865.89M | 357.35M |
| Stockholders Equity | 1.59B | 1.56B | 1.42B | 1.13B | 705.10M | 942.86M |
Cash Flow | ||||||
| Free Cash Flow | 12.70M | 17.62M | -69.53M | 101.10M | 289.42M | -521.71M |
| Operating Cash Flow | 207.54M | 118.54M | 123.08M | 349.19M | 358.13M | -7.41M |
| Investing Cash Flow | -195.22M | 36.07M | -177.85M | -865.57M | -161.86M | -513.99M |
| Financing Cash Flow | -89.00K | -304.81M | 66.71M | 534.83M | -79.05M | 442.72M |
BKV Corporation Technical Analysis
Positive
23.95
Price Trends
21.57
Positive
21.99
Positive
21.74
Positive
Market Momentum
0.28
Negative
66.49
Neutral
94.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BKV, the sentiment is Positive. The current price of 23.95 is above the 20-day moving average (MA) of 22.30, above the 50-day MA of 21.57, and above the 200-day MA of 21.74, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 66.49 is Neutral, neither overbought nor oversold. The STOCH value of 94.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BKV.
BKV Corporation Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | 1.58B | 6.78 | 24.04% | 17.05% | 11.56% | ― | |
74 Outperform | 1.79B | -10.53 | -2.77% | ― | 10.59% | -3044.85% | |
69 Neutral | 1.70B | -80.03 | 5.54% | 11.97% | -2.89% | -107.61% | |
67 Neutral | 2.49B | -55.07 | 0.81% | 4.91% | 32.84% | -755.17% | |
61 Neutral | $1.94B | ― | -1.36% | ― | 13.20% | 55.44% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
Performance Comparison
BKV
BKV Corporation
23.95
5.90
32.69%
KRP
Kimbell Royalty Partners
13.87
-0.27
-1.91%
NEXT
NextDecade
7.04
2.24
46.67%
TALO
Talos Energy
10.24
0.05
0.49%
CRGY
Crescent Energy Company Class A
9.77
-0.86
-8.09%
MNR
Mach Natural Resources LP
13.31
-0.74
-5.27%
BKV Corporation Corporate Events
Regulatory Filings and Compliance
BKV Corporation Releases Investor Presentation
Neutral
Sep 12, 2025
On September 12, 2025, BKV Corporation released an investor presentation on its website, accessible under the ‘Investors’ section. This presentation is part of a Current Report on Form 8-K but is not considered filed under the Securities Exchange Act of 1934 or incorporated by reference in any filings unless specifically stated.
The most recent analyst rating on (BKV) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on BKV Corporation stock, see the BKV Stock Forecast page.
Business Operations and StrategyM&A Transactions
BKV Corporation Acquires Bedrock Energy’s Barnett Shale Assets
Positive
Aug 12, 2025
On August 7, 2025, BKV Corporation announced a definitive agreement to acquire Bedrock Energy Partners’ assets in the Barnett Shale for approximately $370 million. This acquisition, expected to close by early fourth quarter 2025, is set to enhance BKV’s production base and reserves, aligning with its strategic position in the Fort Worth Basin. Additionally, BKV signed a deal with Gunvor for Carbon Sequestered Gas, leveraging its CCUS business to offer a premium market product. These moves are anticipated to strengthen BKV’s market positioning and financial performance, with the Bedrock acquisition expected to be accretive to cash flow per share by 2026.
The most recent analyst rating on (BKV) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on BKV Corporation stock, see the BKV Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.